The Differences of Double Brokering vs. Co-Brokering
Co-brokering is a popular method used in the industry, which is when a broker or fleet clearly re-brokers a load to another entity. This clear transfer of the load allows the parties to have clear visibility of the process.
This is the biggest difference between co-brokering and double brokering – which occurs without any visibility or permission from the original shipper or broker. Without that important visibility of who is handling the load, it can be a recipe for disaster.
You can run into a multitude of issues such as your shipments being held “hostage”, issues with insurance and the potential for your shipment to go missing.
Staying vigilant and aware of fraudulent practices is crucial for your supply chain. Impacts can be felt not just in the relationship/trust side of situations but can also have a critical financial impact as well.
For more on this topic, refer to this week’s blog!
Unified Carrier Registration Fees Expected to Increase in 2025
Starting in 2025, UCR fees will be increased by 25 percent compared to fees this year – ranging from $9 and $9,000 – the FMCSA said in a statement.
Fees in 2024 have been reduced by 9 percent – ranging from $4 and $3,454 per entity, depending on the number of vehicles owned/operated, as Transport Topics reported back in March last year.
The UCR program requires people or companies that operate commercial motor vehicles in interstate or international commerce to register their business with a participating state and pay an annual fee based on the size of their fleet, as defined by WCR Permits.
The collection of these fees then get distributed in safety enforcement programs every year to the 41 states that participate in the UCR agreement.
Recent Comments